Home Alt Coins There’s Less than $100k at Stake on Ethereum Gambling DApp Augur

There’s Less than $100k at Stake on Ethereum Gambling DApp Augur

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Tetras Capital Founding Partner Alex Sunnarborg has revealed that decentralised playing platform Augur is affected by the identical lack of quantity that continues to plague the decentralized software (dApp) ecosystem at massive. Reacting to the platform’s weekly report launched on January 9, Sunnarborg acknowledged that the entire quantity of lively markets on Augur is, actually, much less than $100,000.

In the report, Augur positioned the entire worth of bets positioned on the platform at $2,040,934.63 (13,451 ETH). This worth was achieved throughout a complete of 1,724 markets. Writing on Twitter, nonetheless, Sunnarborg tore into this valuation, stating that it consists of already concluded bets which when eliminated current a distinct image of the platform’s adoption.

DApp Hype Versus Adoption Reality

In his Twitter put up, Sunnarborg stated:

Buttressing his level about low Augur utilization in one other put up on the identical thread, he stated:

It shall be recalled that this isn’t the primary time that the low adoption of dApps in comparison with expectations has attracted consideration. In August 2018, CCN reported that the variety of dApps with extra than 300 lively day by day customers throughout each Ethereum and EOS got here to simply eight in complete. This got here regardless of the continued growth of dApp growth, significantly on the Ethereum community, which hosts Augur. In November, Augur did record near $2 million in bets on the US midterm elections, however this turned out to be a false daybreak for the platform which has not taken off as many dApp builders hoped it will.

Augur Assassination Markets Spark Controversy

Donald Trump Cryptocurrency
Augur customers have positioned bets on whether or not US President Donald Trump shall be assassinated.

The platform has additionally confronted controversy in regards to the desirability of its marketed absence of censorship. At launch, Augur was marketed as a completely decentralised betting platform that may give customers the power to open markets on nearly any form of guess with out the specter of elimination. Predictably, this led to the embarrassing look of assassination markets on US President Donald Trump and Amazon founder Jeff Bezos. The platform additionally recorded bets on the survival of actress Betty White and the late US Senator John McCain.

Beyond moral concerns and issues particular to Augur, Sunnarborg’s observations elevate extra questions on the long run usability of dApps. Some have pointed to such low person figures as proof of the elemental failure of dApps to ship on their promise. Speaking in August, nonetheless, Gnosis founder Martin Köppelmann insisted that the success of dApps shouldn’t be measured by person numbers. According to him, the true measure of dApps’ success lies is in what number of dApps are created and use contracts from different dApps.

Amidst the shortage of person enthusiasm for dApps, one vivid spot over the previous few months has been TRON. In December , CCN reported that recorded over 100 million transactions in 173 days throughout 50 dApps and 1 million accounts. Perhaps buoyed by this, TRON founder Justin Sun just lately issued a taunt to Ethereum and EOS, asserting his intention to launch a fund to poach builders from the 2 blockchain platforms.

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